4 reports point to a growing economy

The Dude said:
No, I'm saying most predicted lower housing numbers specifically relative to this year.
Oh and energy production is higher.
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Housing has been growing. I believe I saw 11% of homes purchased in the past year have been from overseas investors. We obviously have hedge funds who have jumped into this space and spent billions purchasing homes with the purpose of renting them out. That helps make housing numbers look better but from a public policy perspective? We've had decades here where leadership in both political parties have emphasized home ownership. We are now moving to a model of more renters (still obviously a majority of people own their homes but nowhere near the peak before the bubble burst). One can make arguments on each side there (desiring more renters or more homeowners).

If/when interest rates go up that will push out some of the investors. But it has been a challenge in some areas for those in the middle/lower middle class to purchase a property now.
 
The Dude said:
Are you trolling me!
The housing numbers are at 5 year highs
They are not good, they are real good
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I'm not pissing on the numbers. I simply gave some insight into the numbers. I'm not sure why that's a bad thing. (Some) people on the board like to discuss public policy and I threw it out there that we have more renters now in case anyone had a preference for government policy that promotes more homeowners or not. Being a real estate guy I find it interesting. Fair enough if others don't.
 
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